Balyasny Asset Management L.P. Increases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Balyasny Asset Management L.P. lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,410,068 shares of the basic materials company's stock after purchasing an additional 60,659 shares during the quarter. Balyasny Asset Management L.P. owned about 0.34% of DuPont de Nemours worth $107,518,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DD. Norges Bank purchased a new position in shares of DuPont de Nemours during the fourth quarter worth $146,605,000. Marshall Wace LLP lifted its holdings in shares of DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after buying an additional 1,024,075 shares during the period. Prudential Financial Inc. grew its holdings in DuPont de Nemours by 337.5% during the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after acquiring an additional 986,366 shares during the period. Assenagon Asset Management S.A. raised its position in DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock valued at $80,707,000 after acquiring an additional 859,333 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after acquiring an additional 756,604 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

DD has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Mizuho cut their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley lowered their price target on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday. Barclays cut their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, UBS Group decreased their target price on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average price target of $85.07.

DuPont de Nemours Price Performance

NYSE DD traded down $0.42 during trading hours on Wednesday, hitting $64.62. 1,910,801 shares of the company's stock traded hands, compared to its average volume of 2,417,830. The company has a market capitalization of $27.04 billion, a PE ratio of 38.69, a PEG ratio of 2.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The firm's 50-day moving average is $68.83 and its 200-day moving average is $76.30.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business's revenue was up 4.6% compared to the same quarter last year. Equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently -863.16%.

DuPont de Nemours Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.